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Glove (GLO) Wrapdrop
GLO is a fungible token, not an NFT
There's no whitelist or snapshot of addresses. The basic requirements are that, when interacting with the Wrapdrop contract:
- you own at least 1000 WUSD
- you own at least 1 LobsterDAO NFT or 1 BlockArt Ether Marble NFT
The Wrapdrop has no time limit.
The 2 ways to get WUSD are via the Bypasser and the Wrapped USD contract itself. Deciding on either depends on how lucky you think you are.
This method allows you to participate up to 5 times in the Wrapdrop without having to (un)wrap every other round
- your wallet has ~2 GLO
- at least 1000 USDC, which will be wrapped 1:1 for WUSD, plus 420 USDC that will be paired with your GLO for liquidity
The liquidity is owned by you and can be removed — with
forfeit()— 24 hrs later
This is the standard method for getting WUSD tokens. However, unlike via the Bypasser, you will only be required to (un)wrap in every new Wrapdrop round you wish to enter. To do this, you can use a frontend like this.
This method will prevent you from using the Bypasser later unless you fully unwrap
The process is split into two parts and happens directly on Etherscan — there is no "official UI".
Available for as long as tokens can be earned.
status()'s first output shows the spots per NFT already taken in the
entered()shows if you can enter the
This can only be done after the Wrapdrop has ended i.e.
collect()and confirm the transaction
- if you haven't already, add GLO's address to your wallet to see them:
selected()shows if your account is eligible to
There are 3 continuous stages to the Wrapdrop, and each stage has ~255 GLO in total to be earned by participants.
Selected participants with LobsterDAO NFTs get 10, 5, and 2.5 GLO per round in each respective stage while those with BlockArt NFTs get 5, 2.5, and 1.25 GLO.
Up to 1 of the GLO earned will be fully credited depending on the amount of WUSD owned e.g. owning 100K or more WUSD gives 1 GLO credit while 1K WUSD gives just 0.01 credited GLO. If the WUSD was gotten via the Bypasser, an extra GLO credit is given if 50 rounds have passed.
- If an account has both NFTs, only the LobsterDAO NFTs are considered
- An account must have the same number of NFTs in the next
round()to earn credit
A stage is split into rounds. In each round, there's — using Stage 1 as an example — 10 or 5 GLO to be earned depending on which NFT is being used. Rounds continue until all ~255 GLO allocated to the stage have been earned and then the next stage begins automatically.
In each round, there are 50 account spots available, 25 for LobsterDAO NFT holders and 25 for BlockArt EtherMarble NFT holders.
When all 50 spots of a round have been taken and at least one new WUSD epoch has begun since its start, a winner for the previous round is randomly selected and then a new round begins. Simply, the winner for the previous round is randomly selected at the end of the current round.
If an account has taken a spot for some round, it cannot participate in the immediate next round and, assuming it wasn't selected as a winner, must wait until the round after in order to re-participate.
If you've participated in some earlier round and 2 or more rounds later, using
selected(account), discover that you weren't selected, you can re-participate. To do this, there are two options
- bypassing and/or refreshing
- (un)wrapping WUSD
Using the Bypasser allows you to retry up to 5 times in the Wrapdrop without having to worry about (un)wrapping WUSD.
Refreshing is open to only users that have used the Bypasser at least once and that you don't have an active wrap.
(Un)wrapping some fiatcoin resets your account's active wrap epoch to the latest. Afterwards, you can participate in the current round. However, unlike bypassing, you will need to repeat this for every other round.
The account must still have at least 1000 WUSD afterwards to use
squeezeallows collecting earned GLO before the end of the Wrapdrop. This comes at the cost of a 50% penalty on the earned amount as well as forfeiting any credit that would've been earned.
This is available only after 60 days have passed since the deployment of the Wrapdrop contract. In addition, 7 days must have passed since the last
squeezeto use it.
If your transaction fails, you see an error in your wallet, or/and you see a gas fee exceeding ~2M, it is due to one of any of the conditions mentioned in the tables below.